OPEC

Oil price slumps to lowest level in more than 6 years

Benchmark U.S. crude fell $1.88, or 4 percent, to settle at $43.08 a barrel in New York on Tuesday, its lowest close since March of 2009.

US stocks, oil prices sink after China currency move

The price of oil fell to a six-year low Tuesday after OPEC said its production increased and China devalued its currency, suggesting economic growth there was weakening and could lead to lower oil demand.

Copper also fell sharply as traders feared a slowing Chinese economy would need less of it. Mining company Freeport-McMoRan sank 12 percent.

The Dow Jones industrial average fell 212 points, or 1.2 percent, to 17,402.